• The total crypto market cap has risen 1.21% over the last 24 hours.
• All of the top 10 cryptos have seen their prices rise.
• Insights published by Santiment showed that prices may continue to rise for the coming weeks.

The global crypto market cap has risen 1.21% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. At press time, the total now stands at around $809.13 billion.

All of the top 10 cryptos by market cap have seen their prices rise over the last 24 hours. At press time, Bitcoin (BTC) is up 0.53% and Ethereum (ETH) is up 1.30%. Meanwhile, Binance Coin (BNB), Ripple (XRP) and Dogecoin (DOGE) have seen 0.95%, 5.35% and 2.44% price increases respectively.

Number 9 and 10 on CoinMarketCap’s top 10 list, Cardano (ADA) and Polygon (MATIC), have also seen their prices rise 1.67% and 3.67% over the last 24 hours.

A tweet made by Santiment yesterday suggests that the bullishness seen in the crypto market lately may continue leading up to the Fed meeting, which is more than 4 weeks out. The tweet also shared insights done by the Santiment team.

The insights stated that BTC’s price has been stuck in a range for 51 days, and that a breakout out of this range will likely ensue since the US stock market is positioned to move upward. In addition to this, the VIX chart indicates “volatility may start picking up again soon” according to the insights.

Daily chart for BTC/USDT (Source: CoinMarketCap)

Lastly, Santiment Insights concluded that if BTC can break the 51-day range then it may attempt the $20-21k region again.

At press time, the price of BTC is trading at $16,733.72 following a 0.53% increase over the last 24 hours.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.